Insiders at 4 quantum computing companies net sold $1.02 billion over 5 years
RGTI Rigetti Computing Inc
$12.05 +3.34%
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- 1Insiders at four pure-play quantum computing companies, including IonQ (IONQ), have significantly net sold shares over the past five years.
- 2Since October 16, 2021, insiders sold $1.02 billion more than they bought, while buying totaled less than $4.3 million.
- 3All four stocks are trading at values well exceeding 30 times their recent 12-month revenue, a level cited as a sign of past bubbles.
So what's the key point?
Company insiders sold a large amount of stock over five years, while buying was less than $4.3 million. It was also noted that stock prices are high, exceeding 30 times revenue.
Source The Motley Fool +1 · View original ↗
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